TronicJon
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How do I buy bitcoin as a business to make business purchases? (New Business Account needed, not personal one)

Thu Nov 30, 2017 6:59 am

How do I buy bitcoin as a business to make business purchases?

I went to signup at CoinBase, but it redirects new business accounts to GDAX, and GDAX seems to be made for investing only not purchasing business goods.

What's a good option for a business? We want to pay our web developer in bitcoin for example.

Newbie help please! (Thanks) I haven't signed up for anything yet, still trying to figure out the best option for a business account.

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Re: How do I buy bitcoin as a business to make business purchases? (New Business Account needed, not personal one)

Thu Nov 30, 2017 7:43 am

How do I buy bitcoin as a business to make business purchases?

I went to signup at CoinBase, but it redirects new business accounts to GDAX, and GDAX seems to be made for investing only not purchasing business goods.

What's a good option for a business? We want to pay our web developer in bitcoin for example.

Newbie help please! (Thanks) I haven't signed up for anything yet, still trying to figure out the best option for a business account.
You can purchase bitcoins using your credit card via Simplex at **[Buy.bitcoin.com](https://buy.bitcoin.com)** or buy and sell bitcoins through a number of different methods at one of the many Bitcoin exchanges listed on our **[Exchanges page](https://www.bitcoin.com/buy-bitcoin)**.
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TronicJon
Posts: 5
Joined: Thu Nov 30, 2017 6:55 am

Re: How do I buy bitcoin as a business to make business purchases? (New Business Account needed, not personal one)

Thu Nov 30, 2017 8:07 am

Thanks I know how to find exchanges and use a credit card to make a purchase. The question is how do I make sure whatever new exchange account I setup is for business use for bookkeeping and linked to a business bank account, business credit card etc.

Click this for example: https://www.coinbase.com/signup
Personal on the left looks easy enough (not for business)
Business on the right takes you to GDAX which seems overly complicted

TronicJon
Posts: 5
Joined: Thu Nov 30, 2017 6:55 am

Re: How do I buy bitcoin as a business to make business purchases? (New Business Account needed, not personal one)

Fri Dec 01, 2017 12:19 am

An investor friend's lawyer said: "He still recommends trying to get the Coinbase account open, just keep good records for tax purposes"

Ok, so it's that easy, nothing special. (I'll just keep a separate wallet/account for all business)

Done and Done

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